03:00 Thu 15 Mar 2018
Further update on proposed USD 9.5 million Pre-Payment Off-take with Mercuria
/ Ticker: VAST / Index: AIM / Sector: Mining
("Vast" or the "Company")
Further update on proposed Pre-Payment Off-take with Mercuria
, the AIM-listed mining company with operating mines in and , announces that as part of the arrangements towards finalisation of the proposed Pre-Payment Off-take Agreement with ('Mercuria') the Company has issued 565 million warrants in terms of the authority from shareholders granted at the Company's general meeting held on .
The Company continues to make good progress with Mercuria to finalise the Pre-Payment Agreement in line with the time estimates given in the Company's announcement on . The market will be kept informed of developments.
**ENDS**
For further information, visit or please contact:www.vastresourcesplc.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Notes
is an AIM listed mining and resource development company focussed on the rapid advancement of high quality brownfield projects and recommencing production at previously producing mines in .
currently owns and operates the in , which was commissioned in 2015 and is focussed on its expansion through the development of a second open pit operation and new metallurgical complex at the Carlibaba Extension Area. The Company's portfolio also includes an 80% interest in the in , where work is currently underway towards obtaining the relevant permissions to start developing and ultimately commissioning the mine.
The Company also has interests in a number of projects in including a controlling 25% interest in the producing in .
Andrew Prelea (Chief Executive Officer) | www.vastresourcesplc.com+44 (0) 20 7236 1177 |
Roland Cornish - Financial & Nominated Adviser | +44 (0) 020 7628 3396www.beaumontcornish.com |
- Joint Broker | www.brandonhillcapital.com+44 (0) 20 3463 5016 |
- Joint Broker | www.svssecurities.com +44 (0)20 3700 0100 |
Susie Geliher | www.stbridespartners.co.uk +44 (0) 20 7236 1177 |
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